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Questerre Energy Corp (Canada) T.QEC

Alternate Symbol(s):  QTEYF

Questerre Energy Corporation is an energy technology and innovation company. It is engaged in the acquisition, exploration, and development of oil and gas projects, in specific non-conventional projects such as tight oil, oil shale, shale oil and shale gas. It holds assets in Alberta, Saskatchewan, Manitoba and Quebec in Canada, as well as in the Kingdom of Jordan (Jordan). Its oil shale assets include its project in Jordan and its investment in Red Leaf Resources Inc. (Red Leaf). It plans to utilize the Red Leaf technology for its project in the Kingdom of Jordan. In Quebec, the project has a comprehensive program to test the carbon storage potential including injection and monitoring wells, compression facilities and a pipeline to an adjacent industrial park. Its Kakwa area is a liquids-rich Montney natural gas resource play situated over 75 kilometers (km) south of Grande Prairie in west central Alberta. Its Antler area is over 200 km southeast of Regina in southeast Saskatchewan.


TSX:QEC - Post by User

Post by vlad2bon Dec 21, 2013 3:28pm
429 Views
Post# 22030436

Second press release:

Second press release:
 Calgary, Alberta -- Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE:QEC) is pleased to announce that is has concluded the final agreements for market access for its natural gas and liquids production in the Kakwa-Resthaven area of west central Alberta. Michael Binnion, President and Chief Executive Officer, commented, "These contracts are the cornerstone of our wellhead to burner tip strategy. They include firm transportation for our natural gas and liquids, including condensate. We also have secured fractionating capacity and long-term marketing contracts for the liquids. These match our commitment to firm processing capacity for 20 MMcf/d of natural gas and liquids that is expected to commence in early to mid-2015." He added, "These take or pay contracts leverage third party capital, reducing the capital we would otherwise require to finance the necessary investment in infrastructure. With these agreements, we now have the infrastructure in place to ramp up our natural gas production to a minimum of 20 MMcf/d in the latter part of 2015. Coupled with the liquids rates from our existing wells, we expect this production could be over 5,000 boe/d net to Questerre." Through its participation in a third party pipeline expansion, the Company has entered into an agreement for firm transportation of natural gas liquids including condensate from the Kakwa-Resthaven area to Edmonton. The committed volumes under this contract are approximately 3,000 barrels of liquids per day. Questerre also concluded an agreement with a third party for fractionating and marketing for the natural gas liquids associated with its production in the Kakwa-Resthaven area. Lastly, the Company also concluded an agreement with a major pipeline company for firm transportation capacity for 19 MMcf/d of sales gas. These contracts are subject to receipt of all requisite regulatory and environmental approvals.
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